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Item No. 20 <br />Memorandum <br />TO: Mayor & City Council <br />Mr. Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PUBLIC HEARING ON PROPOSED 2020-21 TAX RATE <br />DATE: August 24, 2020 <br />BACKGROUND: A public hearing on the proposed City tax rate is required by Chapter 26 of <br />the Texas Tax Code. The proposed tax rate was discussed by the Council during its August 10th <br />meeting. <br />STATUS OF ISSUE: The City Council needs to adopt a resolution calling for a public hearing <br />on the 2020-21 proposed City tax rate on September 14, 2020. A legal notice of the public <br />hearing will be published in the Paris News announcing the hearing. A copy of the proposed <br />property tax rate can be found on the City website. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the resolution calling for a public hearing on the <br />proposed 2020-21 City tax rate. <br />